Agree To Buy Discover Financial Services At $52.50, Earn 4% Using Options
May 23, 2019 at 11:53 AM EDT
Investors eyeing a purchase of Discover Financial Services (DFS) stock, but tentative about paying the going market price of $77.06/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2021 put at the $52.50 strike, which has a bid at the time of this writing of $2.10..